Woulfe Mining Corp WFEMF

Due Diligence

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It occurs to me that part of IMC's due diligence may be to satisfy themselves that WOF really is going to open a mine after they forward the funds. More than one management team has taken a large debt or an IPO and frittered it away on nothing -- after all, once you've got the cash, it's really easy to cut yourself some bonusses... While we may not be in love with these convertible debentures (wish I could afford some), they at least send a strong signal that Woulfe has a plan, and intends to execute that plan regardless what IMC does. If I were IMC, I would take that as a positive sign that Woulfe is serious (in case there were any doubt), and it would make me a little more comfortable with ponying up the lion's share of the financing.

Just a thought.

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